Bitcoin made headlines this Sunday as its price climbed past $87,000 for the first time this month, fueled by global liquidity growth and renewed institutional buying. With Bitcoin surges making news, many analysts remain cautious to call it the beginning of a true “bull run.”

🔺 According to data from The Block, Bitcoin gained over 2.4% in the last 24 hours, reaching $87,325. The recent dips and rises are part of the frequent surges in Bitcoin’s value.

Key Drivers Behind Bitcoin’s Recent Surge

💸 1. Rising Global Liquidity

• The M2 money supply across major economies (U.S., Europe, Japan, China) has hit a record $90.2 trillion.
• This influx of liquidity is pushing investors toward higher-risk assets like cryptocurrencies, contributing to Bitcoin surges.

🏦 2. Institutional Reentry

• Strategy Inc. (formerly MicroStrategy) recently bought an additional 3,459 BTC.
• Bitcoin spot ETFs in the U.S. saw $15.8 million in net inflows last week, signaling renewed institutional interest and adding to Bitcoin surges.

Read More:Cathie Wood Predicts Bitcoin’s Next Big Milestone

🗣️ 3. Michael Saylor’s Statement

“Bitcoin is immune to company, country, currency, or culture. Not even chaos can stop it.”
— Michael Saylor, Executive Chairman of Strategy Inc.

Performance of Major Cryptocurrencies

What Is a Bull Run?

A Bull Run is a period when an asset’s price increases continuously over a certain timeframe, driven by positive market sentiment. When Bitcoin surges, it could signal the beginning of such a period.
✅ It’s usually marked by:

• Strong institutional demand
• Growing investor confidence
• Lower interest rates
• Increased buying pressure

Is This the Start of a New Bull Run?

According to Peter Chung, Head of Research at Presto Research, various factors could be contributing to these Bitcoin surges:

“It’s too early to call this a bull run. Ongoing U.S. trade negotiations, high interest rates, and strong bond yields are still keeping investors cautious.”

Other Analysts Add:

• A rate cut by the Federal Reserve could be the catalyst for the next crypto rally.
• The next FOMC meeting is scheduled for May 6–7, 2025.
• Current market pricing implies only a 12.4% chance of a rate cut (via the FedWatch tool).

Conclusion

Bitcoin’s rise above $87,000 is a positive signal, especially in a time of global financial uncertainty. These Bitcoin surges may be part of a larger trend.
However, analysts warn that it’s too soon to declare a full-fledged bull market.
Until the Fed’s monetary policy becomes clearer and global trade tensions ease, investors may remain cautious.

Still, if interest rates fall and macroeconomic risks decline, Bitcoin could be poised for its next big leap.

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